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Tech Firm Ciklum Attracts Investment from Dragon Capital, AVentures Capital

Tech Firm Ciklum Attracts Investment from Dragon Capital, AVentures Capital

Tech firm Ciklum announced on Feb. 4 it had sold minority stakes to two Ukrainian investment companies — Dragon Capital and AVentures Capital. The companies would not disclose the value of the transaction, and as they are private they can opt to keep this information to themselves. But according to Ciklum CEO Michael Boustridge, the [...]
Ukrainian startup raises 1.5 million, works with Google, Microsoft

Ukrainian startup raises 1.5 million, works with Google, Microsoft

Ukrainian tech startup Spinbackup, which makes software to back up online data, has raised $1.5 million from international investors, the company announced on Jan 21. Spinbackup works with big tech names: Google, Microsoft and Amazon. The $1.5-million investment round was led by Polish venture fund bValue. A London-based fund with Russian connections, TMT Investments, also took part in [...]
Report: Lviv IT companies generated more than $1 billion in direct and induced revenues in 2018

Report: Lviv IT companies generated more than $1 billion in direct and induced revenues in 2018

In late December, Lviv IT Cluster released the third edition of its research about the IT industry in this major city of Western Ukraine. Completed with support from the FAMA poll agency, the research included a poll involving over 800 local IT specialists, a review of the 317 identified IT companies and eight in-depth interviews with local [...]
6 Top Achievements in Ukraine’s Information Technology Sector

6 Top Achievements in Ukraine’s Information Technology Sector

Ukraine’s booming tech industry has been generating lots of good news this year, reporting major deals. The most notable events are the 4G and Apple Pay rollouts, and U.S. tech giant Amazon buying a company largely staffed by Ukrainian tech people for a staggering $1 billion. Here’s a list of the six most notable tech [...]
Ukrainian IT Companies Are in the Top 500 Global Software Providers, Along with IBM, Amazon and Apple

Ukrainian IT Companies Are in the Top 500 Global Software Providers, Along with IBM, Amazon and Apple

Several Ukrainian companies got into Software 500, a list of the top 500 global IT companies. Software 500 is an annual ranking that has been compiled for 35 years by Software Magazine, one of the most authoritative magazine in IT field. This includes the world’s largest software and services providers. Companies are estimated basing on [...]
A Startup with a Ukrainian Co-founder YayPay Raised $8.4 Million

A Startup with a Ukrainian Co-founder YayPay Raised $8.4 Million

A Ukrainian fintech startup YayPay raised $8.4 million in investment in the series A round. The investors were Information Venture Partners, Birchmere, QED, Fifth Third Capital, Gaingels and 500 Fintech Fund, reports TechCrunch. YayPay is a company that helps businesses optimize financial processes (keeps track of all invoices and their statuses), and also predicts the [...]
Snapchat reportedly buys Teleport’s technology, woos its best developers

Snapchat reportedly buys Teleport’s technology, woos its best developers

Snapchat has hired some of the best developers of Teleport, a startup launched by tech entrepreneurs from Ukraine, Estonia and Russia. The US company is also said to have acquired the processing image technology developed by this company, which claims it is “the best in the world.” Teleport made the news last year with its [...]